Resumption of Suez transits in doubt after return of Red Sea hostilities
Hope for a resumption of Suez Canal transits by container lines were dented over the ...
Photo 211381818 © James Kirkikis | Dreamstime.com
Shippers and forwarders on the transatlantic trades have been warned to expect more blanked sailings – and possibly even cancelled services – unless there is an urgent reversal in the recent freight rate declines.
The trade appears caught in a classic pincer trap: healthy demand and strong rates led carriers to inject more capacity onto a trade that was performing better than the transpacific and Asia-Europe; but a recent decline in volumes – caused, in part, by inventory de-stocking across a ...
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